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(IndustryNews247.Com, August 19, 2019 ) The Automotive PCB Market is projected to grow at a CAGR of 5.33% from 2017 to 2025. The market for automotive PCBs is estimated to be USD 8.21 Billion in 2017 and is projected to reach USD 12.43 Billion by 2025.
The key drivers of this market are the increased incorporation of advanced safety, convenience, and comfort systems and the increase in demand for of hybrid electric vehicles (HEV) and battery electric vehicles (BEV).
Some of the key market players are CMK (Japan), Chin Poon Industrial (Taiwan), Meiko Electronics (Japan), Nippon Mektron (Japan), and KCE Electronics (Thailand).
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The ADAS and basic safety segment are estimated to attain the largest market size in the global market. The regulatory bodies of many countries are mandating some of the ADAS features and the execution of basic safety systems such as ABS, anti-lock braking system, and TPMS. This is prompting the growth of ADAS and Basic Safety segment in automotive printed circuit board market.
The market for multilayer PCB segment in automotive printed circuit board market is estimated to be the fastest-growing segment. Rising demand for advanced electronics such as windshield HUDs, camera modules, drive mode selector, and advanced telematics is expected to drive the multi-layer PCB market.
Asia Pacific is estimated to dominate the PCB market for automotive, by volume as well as value. The growth of this market is due to the increase in production and demand for passenger cars and electric vehicles. The increasing market share of advanced electronics in vehicles, the growing purchasing power of the consumers, and good consumer awareness for safety features in the developing countries are the key factors driving the PCB market for automotive in Asia Pacific Region.
Luxury light-duty vehicles segment is estimated to be the largest segment of the global market, by the end-user type. Luxury vehicles use a large number of PCBs in their vehicles as these vehicles are mostly equipped with advanced vehicle electronics functions for better comfort, convenience, and safety. Additionally, factors such as the sizeable number of luxury vehicles in Europe and North America and the increasing demand for these vehicles in the Asia Pacific, due to the increasing purchasing power of consumers and the growing demand for comfort and safety features in a vehicle, are increasing the demand for automotive PCBs in this segment.
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The automotive printed circuit board market for Battery Electric Vehicles (BEVs) segment is estimated to be the fastest-growing market as BEVs are incorporated with more number of electric components, ECUs, and PCBs in the drive train, interior, and body areas. BEV manufacturers are also adopting advanced technologies to attract more customers.
• Automotive PCB Manufacturers
• Automotive Cockpit Electronics Manufacturers
• Automotive Powertrain Manufacturers
• Automotive Safety and Comfort System Manufacturers
• Industry Associations
• Raw Material Suppliers for Automotive PCB Manufacturers
• The Automobile Industry as an End User, Traders, Distributors, and Suppliers of Automotive PCBs
Mr. Shelly Singh
Industrial News TV